UPM to invest over EUR 100 million in the quality and efficiency of office papers in Central Europe

UPM will strengthen its position as one of the leading office papers suppliers in Europe by rebuilding two paper machines at its Nordland and Docelles paper mills. With the investments, UPM will be able to meet the challenges set by the new office technologies. The investment of EUR 108 million will substantially improve both product quality and production efficiency.

At Nordland paper mill in Germany, UPM will invest approximately EUR 82 million in rebuilding paper machine 3. After the investment, the production capacity will be 340,000 tonnes. The rebuild will be completed in the third quarter of 2006. The rebuild includes, for example, a new headbox and wire section as well as a new press section.

At Docelles paper mill in France, UPM will invest approximately EUR 26 million in rebuilding paper machine 1. After the investment, the production capacity will be 155,000 tonnes. The rebuild will be completed in the third quarter of 2006 and includes, for example, a new press section.


For more information, please contact:
Mr Matti Lievonen, President, UPM Fine and Speciality Papers Division, tel. +358 204 15 0113
Mr Pertti Salminen, Senior Vice President, Fine Paper Operations, UPM, tel. +358 204 15 0378


UPM
Corporate Communications
February 1, 2005